Rob Plant + 2,742 RP June 19, 2023 On 6/12/2023 at 3:06 PM, Eyes Wide Open said: Ya Don't Say.... Labour Caves on £140 Billion Green Energy Plan Over Cost Fear The UK opposition Labour Party watered down its £140 billion ($176 billion) flagship green energy plan days before it was due to be presented as concern that it was too expensive and ambitious created mounting tensions among senior figures. https://financialpost.com/pmn/business-pmn/labour-caves-on-140-billion-green-energy-plan-over-cost-fear Labour Party Vows To Make The UK A Clean Energy Superpower By 2030 https://oilprice.com/Energy/Energy-General/Labour-Party-Vows-To-Make-The-UK-A-Clean-Energy-Superpower-By-2030.html Looks like your post was a tad premature Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 19, 2023 On 4/17/2023 at 10:19 PM, markslawson said: Posters on this site have been denying the reality of an apparent collapse in investment in green energy projects. Whenever this is mentioned they quote annual figures and total investment in teh sector in much the same manner as characters in movies hold up a Christian Cross to deter vampires. Sure some of the past annual growth looks impressive, if you don’t try to adjust the quoted plated capacity new wind and solar projects with the likely capacity factor. But in 2022 and this year green energy investments seem to have hit a wall, particularly in the last quarter of 2022 and the first quarter of this year. This is from the wind lobby group WindEurope, in February. The European Commission wants wind to be 43% of EU electricity consumption by 2030. But right now new investments and wind turbine orders are falling. 2022 saw only 13 GW of new wind farm investments announced. Not a single offshore wind farm reached final investment decision. Wind turbine orders fell by 47% on 2021 to 11 GW. There are two reasons why wind investments are falling. First is the high inflation in input prices which is insufficiently reflected in developers’ revenues. Higher commodity and other input costs have added 25-40% to the price of turbines, but wind farm developers are often stuck with a revenue base that is not indexed in line with this. Governments must fully index their auction prices and tariffs. Second, a series of unhelpful interventions in electricity markets by different national Governments have badly undermined investor confidence. Remember the 13 GW figure actually works out to an average output of 4.3 GW (average output for a windfarm is typically one third of plated capacity) and is for all of Europe. In other words, effectively nothing. In Australia, the Clean Energy Council has been producing releases pointing to impressive numbers for investment, with one story claiming that investment rose a full order of magnitude in the December 2022 quarter. Really? Anyway a check of commissioned projects (a more reliable indicator than proposals or finance approvals) listed on the site shows that just 17 were commissioned in 2022, representing 1,248 Megawatts (MW) of installed capacity, as opposed to 48 completed in covid-stricken 2021 adding up to 4,589 MW, and 3,205 MW worth of projects in 2020. In 2023 (meaning the March quarter of 2023) the number of projects was two, albeit seemingly large ones, adding up to 442 MWs. Why has this happened? WindEurope cited above gives part of the answer. Also, elsewhere the generous subsidies/tax breaks offered by the US Inflation Reduction Act is cited as siphoning off European investment to the US (I have not looked at the US figures but I'm not hopeful they will be much better). In addition, and probably mostly importantly of all, markets did not do well generally in 2022. A count of Initial Public Offerings (for Australia) on the securities exchange by professional services firm HLB Mann Judd shows that the number of new IPOs fell by 48 per cent in 2022, and total funds raised collapsed 91 per cent. Investment in renewables may pick up later, but in Australia the present hiatus could result in disaster in a few years, with activists still intent on throwing away the fossil fuel backup. As matters stand there may be nothing to replace those coal plants. Where can I buy a generator? The sky is falling, and the greenies say this every day, nobody other than people in their own movement is listening any longer. The biggest poser is Bill Gates, a trader to America, Flying his jet everywhere while preaching “ The sky is falling “, last seen from Trader to America was his trip last week Of America to China to kiss their asses and make sure the .40 Cents a day workers making his products still in line with CCP watching over them. I would not put it past Bill Gates to have allowed CCP to attach spyware to his products. He is up there in the top 10 globalists wanting manufacturing to fail in the U.S. If such a big planet-saving guy, He sure makes sure he is one of the biggest contributor to the pollution in the world. 1 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,552 June 19, 2023 1 hour ago, Rob Plant said: Labour Party Vows To Make The UK A Clean Energy Superpower By 2030 https://oilprice.com/Energy/Energy-General/Labour-Party-Vows-To-Make-The-UK-A-Clean-Energy-Superpower-By-2030.html Looks like your post was a tad premature Could be the UK has been and continues on a bat chit crazy course. Such is life. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 19, 2023 1 hour ago, RichieRich$ said: The sky is falling, and the greenies say this every day, nobody other than people in their own movement is listening any longer. The biggest poser is Bill Gates, a trader to America, Flying his jet everywhere while preaching “ The sky is falling “, last seen from Trader to America was his trip last week Of America to China to kiss their asses and make sure the .40 Cents a day workers making his products still in line with CCP watching over them. I would not put it past Bill Gates to have allowed CCP to attach spyware to his products. He is up there in the top 10 globalists wanting manufacturing to fail in the U.S. If such a big planet-saving guy, He sure makes sure he is one of the biggest contributor to the pollution in the world. Bill Gates, a trader to America???? trader??? I thought he was into software your whole post is just a bunch of rambling BS babble Does Bill Gates run your life??? as your post seems to indicate you have a thing for him Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 19, 2023 (edited) 47 minutes ago, Eyes Wide Open said: Could be the UK has been and continues on a bat chit crazy course. Such is life. and now the UK uses less than 6 million tonnes of coal a year and no blackouts..... Crazy Clean air and minimal pollution.........oh how the UK has now changed from the good ole days Edited June 19, 2023 by notsonice 2 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,552 June 19, 2023 (edited) 38 minutes ago, notsonice said: and now the UK uses less than 6 million tonnes of coal a year and no blackouts..... Crazy Clean air and minimal pollution.........oh how the UK has now changed from the good ole days Notsobright welcome to the 21st century.. https://www.sciencedirect.com/topics/engineering/clean-coal-technology Edited June 19, 2023 by Eyes Wide Open 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,552 June 19, 2023 (edited) 49 minutes ago, notsonice said: Bill Gates, a trader to America???? trader??? I thought he was into software your whole post is just a bunch of rambling BS babble Does Bill Gates run your life??? as your post seems to indicate you have a thing for him Bill Gates run my life? Lol...Do not forget where I live...for over 40 yrs. Bill Gates...what do you know of Mr. Gates? The man who would save the planet with a toilet? He does have money to effect many things..deeply effect many things. https://www.gatesnotes.com/Sanitation-showcase Edited June 19, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 June 19, 2023 (edited) 2 hours ago, Eyes Wide Open said: Notsobright welcome to the 21st century.. https://www.sciencedirect.com/topics/engineering/clean-coal-technology Nice computer generated graphic. There is a reason your link was last updated in 2015. Coal gasification has completely failed in the past 8 years. Huge setback for Indonesia’s massive coal gasification plans as US company withdraws Air Products' withdrawal from a $15bn coal gasification investment in Indonesia raises questions about future investments in coal. “Air Products’ quick withdrawal sends a clear signal that coal-to-chemicals projects make no economic sense, in addition to being out of alignment with net-zero commitments and just transition goals,” From the moment the Indonesian project was announced, its economic value was questionable, says Ghee Peh, an analyst at the non-profit Institute for Energy Economics and Financial Analysis (IEEFA). Now, it is worse. https://www.energymonitor.ai/sectors/industry/huge-setback-for-indonesias-massive-coal-gasification-plans-as-air-products-withdraws/ Edited June 19, 2023 by Jay McKinsey 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 June 19, 2023 Government clean-coal projects flopped, federal watchdog finds BY IRINA IVANOVA JANUARY 18, 2022 / 3:24 PM / MONEYWATCH A decade ago, when the U.S. was climbing out of the Great Recession, the government dedicated more than a billion dollars to developing carbon-capture technologies aimed at making high-emissions energy facilities — coal plants, in particular — less polluting. But the effort has flopped, a government watchdog found. According to a recent report from the Government Accountability Office, none of the clean-coal projects that received funding from Department of Energy (DOE) programs are currently operating, although two of the three industrial projects are. Of eight coal projects that were initially selected for federal funding, just one resulted in a completed operating facility. And that project — the Petra Nova plant near Houston — shut down in 2020 for economic reasons. Of eight coal projects initially chosen by the Department of Energy, three were withdrawn in their early stages because their owners couldn't make them economically feasible even with hundreds of millions in government funding. The Energy Department ended agreements with four others before construction. The last one, the Petra Nova plant, went online in 2017 and operated for four years before shutting down in 2020, when plummeting oil prices made it unprofitable. "The government has spent billions of dollars on this technology, and its administration, and there's not much to show for it," John Noël, senior climate campaigner at Greenpeace, told CBS MoneyWatch. The GAO report focused narrowly on clean-coal and industrial projects that together received $1.1 billion in funding. A separate report from the Congressional Research Service last summer found that Congress spent $5 billion on carbon capture and storage, or CCS, projects over the last decade, plus an additional $3.4 billion in the American Recovery and Reinvestment Act, designed to jump-start the economy after the Great Recession. 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 June 19, 2023 (edited) Mark's premise of this thread is looking rather poor. Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths News 25 May 2023 Global investment in clean energy is on course to rise to USD 1.7 trillion in 2023, with solar set to eclipse oil production for the first time Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report. About USD 2.8 trillion is set to be invested globally in energy in 2023, of which more than USD 1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to the IEA’s latest World Energy Investment report. The remainder, slightly more than USD 1 trillion, is going to coal, gas and oil. Annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, compared with a 15% rise in fossil fuel investment over the same period. But more than 90% of this increase comes from advanced economies and China, presenting a serious risk of new dividing lines in global energy if clean energy transitions don’t pick up elsewhere. “Clean energy is moving fast – faster than many people realise. This is clear in the investment trends, where clean technologies are pulling away from fossil fuels,” said IEA Executive Director Fatih Birol. “For every dollar invested in fossil fuels, about 1.7 dollars are now going into clean energy. Five years ago, this ratio was one-to-one. One shining example is investment in solar, which is set to overtake the amount of investment going into oil production for the first time.” Led by solar, low-emissions electricity technologies are expected to account for almost 90% of investment in power generation. Consumers are also investing in more electrified end-uses. Global heat pump sales have seen double-digit annual growth since 2021. Electric vehicle sales are expected to leap by a third this year after already surging in 2022. Clean energy investments have been boosted by a variety of factors in recent years, including periods of strong economic growth and volatile fossil fuel prices that raised concerns about energy security, especially following Russia’s invasion of Ukraine. Enhanced policy support through major actions like the US Inflation Reduction Act and initiatives in Europe, Japan, China and elsewhere have also played a role. Spending on upstream oil and gas is expected to rise by 7% in 2023, taking it back to 2019 levels. The few oil companies that are investing more than before the Covid-19 pandemic are mostly large national oil companies in the Middle East. Many fossil fuel producers made record profits last year because of higher fuel prices, but the majority of this cash flow has gone to dividends, share buybacks and debt repayment – rather than back into traditional supply. Nonetheless, the expected rebound in fossil fuel investment means it is set to rise in 2023 to more than double the levels needed in 2030 in the IEA’s Net Zero Emissions by 2050 Scenario. Global coal demand reached an all-time high in 2022, and coal investment this year is on course to reach nearly six times the levels envisaged in 2030 in the Net Zero Scenario. The oil and gas industry’s capital spending on low-emissions alternatives such as clean electricity, clean fuels and carbon capture technologies was less than 5% of its upstream spending in 2022. That level was little changed from last year – though the share is higher for some of the larger European companies. The biggest shortfalls in clean energy investment are in emerging and developing economies. There are some bright spots, such as dynamic investments in solar in India and in renewables in Brazil and parts of the Middle East. However, investment in many countries is being held back by factors including higher interest rates, unclear policy frameworks and market designs, weak grid infrastructure, financially strained utilities, and a high cost of capital. Much more needs to be done by the international community, especially to drive investment in lower-income economies, where the private sector has been reluctant to venture. To help address this, the IEA and the IFC will on 22 June release a new special report on Scaling Up Private Finance for Clean Energy in Emerging and Developing Economies. Edited June 19, 2023 by Jay McKinsey 2 Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 20, 2023 7 hours ago, notsonice said: Bill Gates, a trader to America???? trader??? I thought he was into software your whole post is just a bunch of rambling BS babble Does Bill Gates run your life??? as your post seems to indicate you have a thing for him Check out where his product is manufactured! Quote Share this post Link to post Share on other sites
turbguy + 1,524 June 20, 2023 7 hours ago, Eyes Wide Open said: Notsobright welcome to the 21st century.. https://www.sciencedirect.com/topics/engineering/clean-coal-technology I ask you actually visit a coal-fired power house. There is no such thing as "clean" coal, unless it remains where it was deposited, undisturbed. 3 Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 20, 2023 (edited) 14 hours ago, Eyes Wide Open said: Notsobright welcome to the 21st century.. https://www.sciencedirect.com/topics/engineering/clean-coal-technology Oh Mr. Magoo......what is your IQ these days ....mid 80's????? and I am being nice.... Clean Coal????? does not exist...... Love that all you have to post is a computer generated rendering of something that does not exist...Like a Unicorn Do you believe in Unicorns??????? again when you start babbling about clean coal you are truly just babbling BS I was laughing at your pals posting the Bill Gates is a trader..... does your pal know how to spell???? rhetorical question...you do not need to answer it why do you not give him a lesson in spelling...He sure could use one....or are you too busy posting garbage on clean coal....... PS I do not see any photos on your post of the ash piles generated or all of the waste products generated by the so called clean coal process or the affects of mining that Unicorn clean coal...... good luck....as you would know if you ever worked at a coal mine or at a coal fired power plant there is no such thing as clean coal.....Only thing left after mining and burning coal is coal mine remediations and ash pile remeditations....lots of toxic waste and toxic water and toxic air... so much easier to not burn coal these days Renewables with storage .........are the answer Edited June 20, 2023 by notsonice 1 Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 20, 2023 3 hours ago, RichieRich$ said: Check out where his product is manufactured! your post is about Bill Gates the trader...........I could care less about your pal, Gates or what you think of him the topic at hand is Investment in renewables tanking.... do you have anything to add or are you just going to babble about Gates being a TRADER..... PS what is Gates trading in ????? Quote Share this post Link to post Share on other sites
Rob Plant + 2,742 RP June 20, 2023 14 hours ago, Eyes Wide Open said: Could be the UK has been and continues on a bat chit crazy course. Such is life. EWO all you read is about the UK's wind projects and presume (wrongly) that thats all we're doing. Actually we're building new nuclear (Hinkley Point C + Sizewell C as well as SMR's), new wind , new solar, new CCGT, new hydro , battery storage etc etc. What we arent doing is building new coal fired power stations. See below new proposed CCGT plant https://www.power-technology.com/marketdata/power-plant-profile-trafford-ccgt-power-plant-uk/ We're building a diverse mix of powergen which will make us powergen secure, If thats bat s*it crazy in your eyes then so be it. 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,742 RP June 20, 2023 (edited) 10 hours ago, Jay McKinsey said: Mark's premise of this thread is looking rather poor. Haha you don't say! Unfortunately for Mark he finds some crazy theory or post from an idiot that confirms what he thinks and starts a new thread on the subject without actually researching at all what he is going on about. He then can't back up any of his ramblings with meaningful data or facts. Edited June 20, 2023 by Rob Plant Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 20, 2023 9 hours ago, notsonice said: your post is about Bill Gates the trader...........I could care less about your pal, Gates or what you think of him the topic at hand is Investment in renewables tanking.... do you have anything to add or are you just going to babble about Gates being a TRADER..... PS what is Gates trading in ????? You are hilarious, “ You can care less about me”, You don't KNOW ME! WOW, your the King of of Comebacks! You must have a large brain and rent out a percentage of it to The Department of Energy or Department of Agriculture because of all that excess brain power. Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 20, 2023 3 minutes ago, RichieRich$ said: You are hilarious, “ You can care less about me”, You don't KNOW ME! WOW, your the King of of Comebacks! You must have a large brain and rent out a percentage of it to The Department of Energy or Department of Agriculture because of all that excess brain power. PS: Gates is one of the largest private farmland owners in the United States, he has the ability to have a direct impact on food supply! Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 20, 2023 10 hours ago, notsonice said: your post is about Bill Gates the trader...........I could care less about your pal, Gates or what you think of him the topic at hand is Investment in renewables tanking.... do you have anything to add or are you just going to babble about Gates being a TRADER..... PS what is Gates trading in ????? Lastly, Mr. Big Brain, There is not one renewable that has not caused more than saved in Three decades. Every renewable cost to build from the sourcing of minerals to the damage to transport, install has left more of a footprint than any Green Supply it's added. This nonsense started and really ramped up during the Clinton Administration, and people, a select few make huge money by pushing for Countries around the world to finance this stupid agenda. Every day people don't care about this other than the tax money taken out of their wallets. If this was of any importance it would have been solved by now, this is just a big Ponzi scam, If I want to get into a car and drive a thousand miles, I don't want to have to stop multiple times to do it. Lastly there is not one major Country in the world that has the infrastructure to support this nonsense. The only accomplishments of renewable energy equipment had success in is killing whales and birds. The only reason it's still in the seeing the light of day is globalist that are behind this and keeps getting governments to waste BILLIONS in spending and running up deficits. Renewables is a complete waste of money and time, and it's time to stop any government funding for it. Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 20, 2023 52 minutes ago, RichieRich$ said: Lastly, Mr. Big Brain, There is not one renewable that has not caused more than saved in Three decades. Every renewable cost to build from the sourcing of minerals to the damage to transport, install has left more of a footprint than any Green Supply it's added. This nonsense started and really ramped up during the Clinton Administration, and people, a select few make huge money by pushing for Countries around the world to finance this stupid agenda. Every day people don't care about this other than the tax money taken out of their wallets. If this was of any importance it would have been solved by now, this is just a big Ponzi scam, If I want to get into a car and drive a thousand miles, I don't want to have to stop multiple times to do it. Lastly there is not one major Country in the world that has the infrastructure to support this nonsense. The only accomplishments of renewable energy equipment had success in is killing whales and birds. The only reason it's still in the seeing the light of day is globalist that are behind this and keeps getting governments to waste BILLIONS in spending and running up deficits. Renewables is a complete waste of money and time, and it's time to stop any government funding for it. dude go back to school , you are just posting BS babble Quote Share this post Link to post Share on other sites
notsonice + 1,224 DM June 20, 2023 1 hour ago, RichieRich$ said: You are hilarious, “ You can care less about me”, You don't KNOW ME! WOW, your the King of of Comebacks! You must have a large brain and rent out a percentage of it to The Department of Energy or Department of Agriculture because of all that excess brain power. who would want to know you???? no one You are the king of BS Garbage Quote Share this post Link to post Share on other sites
RichieRich$ + 65 RK June 20, 2023 4 hours ago, notsonice said: who would want to know you???? no one You are the king of BS Garbage Ok TRASH MOUTH, another great comeback! Quote Share this post Link to post Share on other sites
Rob Plant + 2,742 RP June 21, 2023 More Money Will Flow Into Solar Than Oil For The First Time https://oilprice.com/Alternative-Energy/Solar-Energy/More-Money-Will-Flow-Into-Solar-Than-Oil-For-The-First-Time.html Yep still tanking 🤣🤣🤣 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 698 June 23, 2023 On 6/13/2023 at 3:19 AM, Rob Plant said: No, no its not! I live here Ron I'm more aware of the issues Britain has on energy supply and what has caused the spike in costs is a direct correlation to Russian gas and the war in Ukraine. You say the fundamental reason is our reliance on Russian gas, no no and no again. The UK used to import 3% of Russian gas, yep thats all, the vast majority was from Norway. The problem with that is due to the Ukraine war it sent NG prices skyrocketing including Norwegian NG like any other supplier. Nobody was being blackmailed there was an imbargo on Russian NG so there was a massive shortage hence the massive price increases. Do you now get it? The below is taken from this, please look at the graph https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/ "The average gas price in Great Britain in February 2023 was 134.54 British pence per therm. This was a notable decrease compared to the previous months with prices still impacted by developments in the Russia-Ukraine war and global natural gas demand." You are trying to misdirect and making statements when you havent done your fact finding, as EWO was with his post that is 2 years old that the wind isnt blowing. Why do you think the costs are now falling very quickly allied with the NG price? Surely if you're correct then prices should remain astronomical as the renewables havent gone away and they havent suddenly gotten any cheaper. If that isnt correct then please explain in detail why its all down to renewables. To answer your point on developing our own FF then we have, 50% of the UK's NG is from domestic production. The point is there is no further economic way of drilling new fields, its far cheaper to buy NG from Norway which is the dominant exporter to the UK. Hope that now clears that up! You are avoiding the fact that Great Britain and Europe have not developed THEIR natural gas, biogas, ethanol, or anything other than wind turbines. That left both Britain and Europe dependent on Russian Gas. Putin saw his opportunity to raise his prices drastically, and simultaneously invade Ukraine for the second time in recent history. The electrical costs have raised drastically along with dependence on wind turbines, rather than go down because of them. That should work out well over time, but it has not proven itself cost effective apparently. A mixture of all potential energy sources is just common sense, as is developing your own natural resources and biomass including waste products. https://www.wsj.com/articles/u-k-energy-bills-set-to-jump-as-country-awaits-new-leader-11661532660 WORLD EUROPE U.K. U.K. Energy Bills Set to Jump as Country Awaits New Leader Energy regulator announces an 80% rise in energy prices, prompting promises of government help for consumers By Paul Hannon Follow Aug. 26, 2022 12:51 pm ET Save Listen (4 min) Rising gas prices in Europe are expected to push U.K. inflation higher; a decommissioned natural-gas storage facility in London. PHOTO: NEIL HALL/SHUTTERSTOCK U.K. households will see the prices they pay for energy rise by 80% in October, a new blow to spending power that is likely to push the world’s fifth-largest economy into contraction in the final months of the year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 You've run out of free articles. Subscribe for unlimited access. Resubscribe and Save $1 Per Week Subscribe Now 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 698 June 23, 2023 On 6/19/2023 at 1:09 PM, notsonice said: and now the UK uses less than 6 million tonnes of coal a year and no blackouts..... Crazy Clean air and minimal pollution.........oh how the UK has now changed from the good ole days No blackouts but unaffordable prices for many! Modern coal plants are not as depicted. Of course you know that. They give off puffy white clouds of steam etc. The residue left over is more of a problem possibly. 1 Quote Share this post Link to post Share on other sites